Avestar Capital LLC Has $410,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Avestar Capital LLC lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,471 shares of the company’s stock after purchasing an additional 154 shares during the period. Avestar Capital LLC’s holdings in Marriott International were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MAR. Larson Financial Group LLC lifted its holdings in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after buying an additional 37 shares in the last quarter. TFG Advisers LLC lifted its holdings in shares of Marriott International by 0.8% during the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock worth $1,235,000 after buying an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after buying an additional 38 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Marriott International by 1.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock worth $918,000 after buying an additional 38 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its holdings in shares of Marriott International by 1.1% during the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock worth $953,000 after buying an additional 38 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Marriott International stock opened at $283.52 on Friday. The stock’s 50 day moving average is $284.30 and its 200 day moving average is $262.26. The firm has a market cap of $78.79 billion, a P/E ratio of 29.66, a P/E/G ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Equities analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 26.36%.

Analysts Set New Price Targets

MAR has been the topic of a number of recent analyst reports. UBS Group raised their price target on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday. Truist Financial raised their price target on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday. Susquehanna raised their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group raised their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $284.45.

Marriott International Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.